The second session of the India-Nigeria Joint Trade Committee (JTC) held in Abuja, capital of Nigeria, on Friday, agreed to finalise a local currency settlement system for bilateral trade and investme
Namur Elite Int’l has excited Nigerian Markets with new brand o fuel Economizer, alkaline stick as distributors are equally rewarded with brand laptops and other special items.
Necessity, they sa
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Various business regulatory agencies regulate the activities of
companies in Nigeria. While some of the agencies apply to all
businesses regardless of the sector, the nature of the business,
others are specific to a particular sector. This write-up will give
a brief overview of the regulatory agencies and identify whether
such agency applies to all business or a particular sector.
The agencies and their functions concerning businesses in
Nigeria will be briefly discussed below.
The Corporate Affairs Commission (CAC)
This is usually the first and foremost agency every proposed
The Nigerian National Petroleum Corporation (NNPC) recorded an increase of 80.12% in trading surplus in December 2020, the figure stood at ₦24.19billion compared to the ₦13.43billion surplus recorded in November 2020.
This was disclosed in the December 2020 edition of the corporation’s Monthly Financial and Operations Report (MFOR), according to the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru.
Trading surplus or trading deficit is derived after the deduction of the expenditure profile from the revenue in the period under review.
According to Obateru in a statement issued and seen by Nairametrics, the operating revenue of the NNPC Group in December 2020 as compared to November 2020 increased by 33.44% or N137.00billion to stand at N546.65billion.